FLSmidth & Co. A/S (OTCMKTS:FLIDY) Short Interest Up 3,000.0% in June

FLSmidth & Co. A/S (OTCMKTS:FLIDY) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 310 shares, a growth of 3,000.0% from the May 31st total of 10 shares. Based on an average trading volume of 1,010 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several research firms recently commented on FLIDY. Zacks Research raised shares of FLSmidth & Co. A/S to a “hold” rating in a report on Friday, April 17th. Barclays upgraded shares of FLSmidth & Co. A/S from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, UBS Group raised FLSmidth & Co. A/S from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, FLSmidth & Co. A/S presently has a consensus rating of “Moderate Buy”.

FLSmidth & Co. A/S Price Performance

OTCMKTS:FLIDY remained flat at $7.50 during mid-day trading on Friday. The company had a trading volume of 2 shares, compared to its average volume of 3,540. The firm’s 50-day moving average is $7.68 and its 200 day moving average is $7.97. FLSmidth & Co. A/S has a 52 week low of $6.07 and a 52 week high of $9.20.

FLSmidth & Co. A/S (OTCMKTS:FLIDY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. The business had revenue of $513.62 million during the quarter, compared to the consensus estimate of $566.52 million.

FLSmidth & Co. A/S Company Profile

FLSmidth & Co A/S is a Denmark?based engineering group founded in 1882 by Frederik Læssøe Smidth. The company specializes in the design, manufacture and installation of equipment and services for the global cement and mining industries. Headquartered in Copenhagen, FLSmidth has built a reputation for supplying end?to?end solutions that support both greenfield and brownfield projects worldwide.

FLSmidth’s core offerings include crushing, grinding, separation and pyro?processing equipment, as well as material handling systems and pumps.